Bank of Japan releases central bank digital currency research report: the specific design of CBDC will vary according to purpose

According to the official website of the Bank of Japan, on November 29, the Bank of Japan released the Central Bank Digital Currency (CBDC) research report, which analyzed and discussed the main legal arguments of the CBDC. The report concludes that the legal issues concerning the CBDC not only involve Japanese bank law and civil and commercial law, but also a wide range of areas, such as administrative law, competition law, information law, and criminal law, among which there are areas where legislative measures need to be taken to respond. Of course, the specific design of a CBDC will vary greatly depending on the purpose for which it is issued. If the issue of a CBDC is discussed, more in-depth legal discussions are needed.